Acadian Timber Corp. (OTCMKTS:ACAZF) Short Interest Up 12.9% in November

Acadian Timber Corp. (OTCMKTS:ACAZF) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 9,600 shares, a growth of 12.9% from the October 31st total of 8,500 shares. Based on an average trading volume of 6,900 shares, the days-to-cover ratio is presently 1.4 days.

Acadian Timber Price Performance

Shares of ACAZF remained flat at $12.54 during midday trading on Friday. The stock had a trading volume of 23 shares, compared to its average volume of 3,722. Acadian Timber has a 52 week low of $11.66 and a 52 week high of $14.18. The business has a 50-day simple moving average of $12.92 and a 200 day simple moving average of $12.82.

Acadian Timber Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.2118 per share. This represents a yield of 6.5%. The ex-dividend date of this dividend was Friday, September 27th. Acadian Timber’s payout ratio is presently 168.37%.

About Acadian Timber

Acadian Timber Corp. supplies primary forest products in Eastern Canada and the Northeastern United States. The company operates in two segments, NB Timberlands and Maine Timberlands. Its products include softwood and hardwood sawlogs, pulpwood, and biomass by-products. The company owns and manages freehold timberlands in New Brunswick and Maine; and provides timber services relating to Crown licensed timberlands in New Brunswick.